IEM Is Oldest Election Futures Market

October 4, 2004 | Washington Times

There are several sites on the Web where real money can be bet on the election. The oldest is the Iowa Electronic Market at the UNIVERSITY OF IOWA. It was originally set up to teach students about futures markets, but it is now used by political professionals to see what markets say about their candidates. Lately, they have shown Mr. Bush with a 2-to-1 lead over Mr. Kerry.